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Thought Leadership forIT Service Management Professionals

Does your accounting department struggle to accurately depreciate capital assets? We have seen many companies tackle this problem in different ways. It can be particularly challenging for organizations that do not manage individual assets within a fixed asset system. In this case, depreciation of capital assets is often done at an aggregate level based on purchase orders or purchase order lines. This can result in depreciation inaccuracies as depreciation expenses are applied to Order Lines with no real insight into the disposition of assets that make up the order. By identifying capital assets within HP Asset Manager (AM) and generating depreciation expenses on a monthly basis, AM can help produce more accurate depreciation expenses for your Accounting department.